41. Properly executed, a living trust will promptly settle your debts and distribute your estate to your heirs. 42. Reducing or avoiding estate taxes is also often cited as a reason for choosing a living trust. 43. So if your state has a lengthy probate procedure or if you have other personal concerns, a living trust may be useful. 44. So even if young parents choose a living trust for estate planning, they still need a will to protect their children. 45. Some things, though, do not belong in a living trust. 46. Still, co-op lawyers say, most of the concerns about QPRTs also apply to revocable living trusts. 47. The book covers what a living trust is, the role of a living trust in the event of disability and tips on choosing and working with a lawyer. 48. The book includes chapters on revocable living trusts, asset protection and charitable planning. 49. The Glasses had substantial assets that made them prime candidates for a living trust. 50. The living trust carries more weight than a durable power of attorney, which also names an agent to handle your financial affairs if you no longer can. |